Crediteck Academy

Different Types of Loans

Crediteck Canada

Table of Contents

In this article we will show the difference between popular loan services. We hope this information will help you make correct choice. Let’s begin.

Personal Loans

loan for individuals, minimum papers needed, fast approval, automatic redemption

Title Loans

a loan where a collateral is required (no physical transfer is not needed). The credit rating of the applicant is not considered. Loans can be approved very quickly.

Payday Loans

small short-term unsecured loan.

Home Equity Loan

the type of loan in which the borrower uses his home as collateral. The loan is often used to finance large expenses, such as house repairs, medical bills, or higher education.

Refund Anticipation Loan

short-term consumer loans. The loan term is usually from two to three weeks.

Pawnbroker Loans

loans secured by personal property.

Auto Loans

loans secured by vehicle.

Mortgage Loans

loans secured by real estate.

Signature Loans

the type of personal loan offered by banks and other financial companies which only use the borrower’s signature as a guarantee of debt repayment. The lender just looks at the credit history and the availability of a source of income when deciding to give a loan.

Short Term Loans

Short Term Loans even for people with bad credit is just a click away.

Installment Loans

Fast flexible online loans for fast cash when you need.

Payday Loans

A payday loan is a short-term borrowing with interest rates that are based on your earnings.

Personal Loans

A personal loan allows you to get the credit you need while still keeping your budget in check.

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